Petco Health and Wellness (NASDAQ:WOOF) Given New $5.50 Price Target at Wedbush

Petco Health and Wellness (NASDAQ:WOOF) had its target price boosted by Wedbush from $5.00 to $5.50 in a research report released on Friday morning, Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. Wells Fargo & Company upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Citigroup increased their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Royal Bank of Canada lifted their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group cut their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.49.

Petco Health and Wellness Trading Up 7.6 %

Shares of NASDAQ:WOOF opened at $4.93 on Friday. The business’s 50-day moving average is $3.95 and its 200 day moving average is $3.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $5.94. The firm has a market capitalization of $1.54 billion, a P/E ratio of -0.99 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share. On average, research analysts predict that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Point72 Asset Management L.P. increased its stake in shares of Petco Health and Wellness by 1,212.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after purchasing an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Petco Health and Wellness by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after buying an additional 1,254,554 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Petco Health and Wellness during the 1st quarter valued at approximately $1,260,000. Norden Group LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at $309,000. Finally, Russell Investments Group Ltd. purchased a new stake in Petco Health and Wellness in the 1st quarter worth $588,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.